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Bid Summary

The First State Bank, Barboursville, WV
Closing Date: April 3, 2020

Bidder Type of Transaction Deposit
Premium%
Asset Premium/
(Discount) $(000)
Optional Loan
Pool (Single Family)
(% of BV)
Optional Loan
Pool (CRE/ADC/Land)
(% of BV)
Optional Loan
Pool (C&I)
(% of BV)
Optional Loan
Pool (Consumer)
(% of BV)
Optional Loan
Pool (Gov't Guar)
(% of BV)
Optional Loan
Pool (Non-performing)
(% of BV)
Optional OREO
Pool (% of BV)
Conforming
Bid
Winning Bid:
MVB Bank, Inc., Fairmont, WV
All deposit Whole Bank P&A 0.00% ($28,183) N/A N/A N/A N/A N/A N/A 47.50% No - 1
Cover Bid:
Summit Community Bank, Inc., Moorefield, WV
Insured deposit Basic P&A with Optional Loan Pools 0.00% N/A 90.00% N/A N/A 85.00% N/A N/A N/A Yes
Other Bids:                      
Other: All deposit Whole Bank P&A 0.00% ($36,500) N/A N/A N/A N/A N/A N/A N/A Yes
Other: All deposit Whole Bank P&A 0.00% ($36,500) N/A N/A N/A N/A N/A N/A 20.00% Yes
Other: Insured deposit Basic P&A with Optional Loan Pools 0.00% N/A 55.00% 55.00% 55.00% 55.00% 55.00% N/A N/A Yes

Conforming Bid Note:

1- Excludes assets totaling $3.4 million, including 2 required loans, derivative assets and the subsidiaries.

Other Bidder Names, City, ST:

First-Citizens Bank & Trust Company, Raleigh, NC
Summit Community Bank, Inc., Moorefield, WV
United Fidelity Bank, fsb, Evansville, IN

Notes:

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